Is I’ve said for a few months now22 Nov 2018 07:38
It’s all about the year end results, no point being here If you want to make a quick buck, STAR upset the market last year with their trading update suggesting breakeven then releasing a loss on their published accounts. That broke market and PI’s confidence in my opinion and not much has happened in regards to orders or exceptional collaborations that wasn’t already known in 2018. The turning point will be if STAR can actually deliver EBITDA + for this year which is what they have indicated throughout the year (and I do not believe they want to make the same mistake twice) then we should see some sort of rerate to fair value as markets and PI should regain confidence. All my opinion of course